United Parcel Service, Inc. (NYSE:UPS) Shares Acquired by Jump Financial LLC

Jump Financial LLC raised its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 77.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 7,174 shares of the transportation company's stock after buying an additional 3,124 shares during the quarter. Jump Financial LLC's holdings in United Parcel Service were worth $905,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in UPS. Principal Financial Group Inc. boosted its stake in shares of United Parcel Service by 4.3% during the 3rd quarter. Principal Financial Group Inc. now owns 829,280 shares of the transportation company's stock worth $113,064,000 after acquiring an additional 33,989 shares in the last quarter. Onyx Bridge Wealth Group LLC purchased a new stake in shares of United Parcel Service in the 4th quarter worth about $461,000. Synovus Financial Corp boosted its position in shares of United Parcel Service by 8.6% in the 3rd quarter. Synovus Financial Corp now owns 87,531 shares of the transportation company's stock worth $11,934,000 after buying an additional 6,941 shares in the last quarter. HF Advisory Group LLC acquired a new stake in United Parcel Service in the 4th quarter valued at about $1,305,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in United Parcel Service by 27.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 131,623 shares of the transportation company's stock valued at $16,304,000 after acquiring an additional 28,108 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on UPS. Raymond James dropped their price objective on shares of United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating for the company in a research note on Wednesday, April 9th. Bank of America cut their price target on United Parcel Service from $133.00 to $129.00 and set a "buy" rating for the company in a report on Tuesday, March 25th. Stifel Nicolaus decreased their price objective on United Parcel Service from $156.00 to $153.00 and set a "buy" rating on the stock in a research note on Thursday, January 23rd. Baird R W downgraded shares of United Parcel Service from a "strong-buy" rating to a "hold" rating in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. lowered their price target on shares of United Parcel Service from $120.00 to $115.00 and set a "neutral" rating for the company in a report on Monday, April 7th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $128.74.

United Parcel Service Stock Up 0.6 %

Shares of UPS stock traded up $0.59 on Tuesday, hitting $96.84. The stock had a trading volume of 4,297,836 shares, compared to its average volume of 4,825,807. United Parcel Service, Inc. has a 52-week low of $90.55 and a 52-week high of $153.42. The firm has a market capitalization of $82.72 billion, a price-to-earnings ratio of 14.33, a P/E/G ratio of 1.55 and a beta of 1.10. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. The stock's 50 day moving average is $109.66 and its 200-day moving average is $122.19.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same quarter last year, the business earned $2.47 EPS. As a group, research analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were paid a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 6.77%. This is an increase from United Parcel Service's previous quarterly dividend of $1.63. The ex-dividend date was Tuesday, February 18th. United Parcel Service's dividend payout ratio is 97.04%.

United Parcel Service Profile

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.